FMR LLC cut its stake in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) by 4.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,004,963 shares of the company's stock after selling 316,771 shares during the period. FMR LLC's holdings in Coca-Cola Europacific Partners were worth $551,641,000 at the end of the most recent quarter.
A number of other institutional investors have also recently modified their holdings of CCEP. Price T Rowe Associates Inc. MD raised its stake in Coca-Cola Europacific Partners by 13.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 40,442 shares of the company's stock valued at $2,829,000 after purchasing an additional 4,741 shares in the last quarter. Janus Henderson Group PLC bought a new position in Coca-Cola Europacific Partners in the 1st quarter valued at about $8,663,000. California State Teachers Retirement System raised its position in shares of Coca-Cola Europacific Partners by 13.5% in the 1st quarter. California State Teachers Retirement System now owns 221,119 shares of the company's stock valued at $15,467,000 after buying an additional 26,217 shares in the last quarter. Virtu Financial LLC bought a new stake in shares of Coca-Cola Europacific Partners during the 1st quarter worth approximately $976,000. Finally, Swedbank AB acquired a new stake in shares of Coca-Cola Europacific Partners during the 1st quarter worth approximately $12,547,000. 31.35% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
Several research analysts have commented on the stock. BNP Paribas downgraded shares of Coca-Cola Europacific Partners from an "outperform" rating to a "neutral" rating and set a $81.00 price objective for the company. in a research report on Tuesday, September 10th. Citigroup raised Coca-Cola Europacific Partners to a "strong-buy" rating in a report on Thursday, October 3rd. Evercore ISI raised their price objective on Coca-Cola Europacific Partners from $78.00 to $82.00 and gave the company an "outperform" rating in a research note on Wednesday, November 6th. Barclays lifted their target price on Coca-Cola Europacific Partners from $84.00 to $86.00 and gave the company an "overweight" rating in a research report on Thursday, November 7th. Finally, JPMorgan Chase & Co. cut shares of Coca-Cola Europacific Partners from an "overweight" rating to a "neutral" rating and dropped their target price for the stock from $85.00 to $82.00 in a report on Wednesday. Three analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $81.78.
Get Our Latest Report on CCEP
Coca-Cola Europacific Partners Stock Down 0.1 %
Shares of Coca-Cola Europacific Partners stock traded down $0.05 on Friday, hitting $77.58. The stock had a trading volume of 1,357,527 shares, compared to its average volume of 1,392,361. The stock has a 50 day moving average of $77.59 and a 200 day moving average of $76.18. Coca-Cola Europacific Partners PLC has a twelve month low of $59.31 and a twelve month high of $82.32. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.63 and a current ratio of 0.85.
Coca-Cola Europacific Partners Increases Dividend
The firm also recently declared a semi-annual dividend, which will be paid on Tuesday, December 3rd. Shareholders of record on Friday, November 15th will be given a $1.34 dividend. This is a boost from Coca-Cola Europacific Partners's previous semi-annual dividend of $0.79. This represents a yield of 2.6%. The ex-dividend date is Friday, November 15th.
About Coca-Cola Europacific Partners
(
Free Report)
Coca-Cola Europacific Partners PLC, together with its subsidiaries, produces, distributes, and sells a range of non-alcoholic ready to drink beverages. It offers flavours, mixers, and energy drinks; soft drinks, waters, enhanced water, and isotonic drinks; and ready-to-drink tea and coffee, juices, and other drinks.
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